Please find enclosed an intimation on the appointment of Mr. Girish Paranjpe (DIN: 02172725) as an Additional Director in the capacity of Independent Director.
MARICO · price
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Marico's Board of Directors has approved the appointment of Mr. Girish Paranjpe as an Additional Director in the capacity of Independent Director for a 5-year term from June 1, 2026 to May 31, 2031. The appointment follows recommendation from the Nomination and Remuneration Committee and is subject to shareholder approval via postal ballot. Mr. Paranjpe is a seasoned professional with over 35 years of experience, previously serving as Joint-CEO of Wipro's IT Business and currently holding positions as Independent Chairman of Mphasis Limited and Independent Director at Axis Bank and Crisil. The company confirms he is not related to any directors and is not debarred from holding the office by any SEBI order.
This appointment strengthens Marico's board with experienced independent oversight, particularly given Mr. Paranjpe's extensive background in technology and financial services sectors. The addition enhances governance standards and brings valuable expertise to the board's deliberations.